Revenue during the quarter grew 8.24 percent to $3.82 million from $3.53 million in the previous year period. Net interest income for the quarter rose 12.04 percent over the prior year period to $3.65 million. Non-interest income for the quarter rose 30.66 percent over the last year period to $0.36 million.

Net interest margin was stable at 2.70 percent in the quarter, when compared with the last year period. Efficiency ratio for the quarter improved to 67.90 percent from 82.04 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Return on average assets moved up 19 basis points to 0.52 percent in the quarter from 0.33 percent in the last year period. At the same time, return on average equity increased 117 basis points to 2.58 percent in the quarter from 1.41 percent in the last year period.

Nonperforming assets moved up 1.34 percent or $0.22 million to $16.68 million on Dec. 31, 2016 from $16.46 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 2.83 percent in the quarter, up from 2.43 percent in the last year period.

Tier-1 leverage ratio stood at 19.20 percent for the quarter, down from 22.98 percent for the previous year quarter. Average equity to average assets ratio was 20.01 percent for the quarter, down from 23.46 percent for the previous year quarter. Book value per share was $14.06 for the quarter, up 1.81 percent or $0.25 compared to $13.81 for the same period last year.